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CABARRUS COUNTY <br /> 1792 <br /> BOARD OF COMMISSIONERS <br /> REGULAR MEETING <br /> MAY 15, 2017 <br /> 6:30 P.M. <br /> AGENDA CATEGORY: <br /> New Business <br /> SUBJECT: <br /> CCS - Funding Request for New Performance Learning Center <br /> Construction and Site Purchase <br /> BRIEF SUMMARY: <br /> The Cabarrus County Schools (CCS) Board of Education is requesting the <br /> Board of Commissioners to fund a new Performance Learning Center <br /> (PLC). Included in the attached letter is a request to purchase 15.9370 <br /> acres of land for the PLC in the amount of $195,000 which includes <br /> closing costs. Funding for the land, $195,000, and for a portion of the <br /> Engineer, Architect and Legal in the amount of $219,000 has already <br /> been set aside by the Board of Commissioners. The approximate total <br /> cost of the entire project is $4,240,000. <br /> County staff recommends paying cash for engineering, architectural, <br /> technology and furnishings, and borrowing funds for the construction and <br /> infrastructure items. The County estimates borrowing $3.5 million for this <br /> project. Technology, furnishings and start-up expenditures will be <br /> requested as part of the FY18 budget process with funding proposed from <br /> the Capital Reserve Fund. <br /> REQUESTED ACTION: <br /> Motion to approve the concept of funding a new Performance Learning <br /> Center. <br /> Motion to approve the purchase of 15.9370 acres of land for <br /> the Performance Learning Center, subject to review and revision by the <br /> County Attorney <br /> G-6 Page 253 <br />